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$USUAL I recommend you place an OCO order,
oco? You don't know what it is, do you?
On Binance, an OCO (One-Cancels-the-Other) order is a conditional order that combines a limit order with a stop-limit order. With an OCO order, two orders are placed simultaneously, but only one can be executed. When one of the orders is triggered, the other is automatically canceled.
The OCO order is a trading strategy that allows you to manage risk and automate trading. For example, if a trader believes that the price of an asset will fall, they can use an OCO order to sell the asset if the price falls to a predetermined level, but also to profit if the price rises.
To use an OCO order, you need to:
Place two orders simultaneously: the main order and the stop-limit order.
The main order is the one you want to execute, such as buying or selling an asset at a certain price.
Stop-limit orders are used to take profits or limit losses. They are triggered when the market price reaches or exceeds a certain level.
Binance also supports the OTOCO (One-Triggers-to-One-Cancels-the-Other) order, which allows you to place primary and secondary orders at the same time.